Home Buying in Southbury>Question Details

dapracetym, Home Buyer in Southbury, CT

how do you determine value of the home?

Asked by dapracetym, Southbury, CT Sun Feb 10, 2013

on lakemere drive in southbury you have pricing on not for saleProperties#169 1295sqft,2 1/2 bath@$279000, #173 2300 sqft 4 baths @$324000.#179 945 sqft 1bath@$202000. my personal knowlege is #179 NO updates . #169 many updates plus it has a fireplace and 3 car carport. #173 compltete updates two fireplaces 4 car heated garage???

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You can have comparable market price opinion completed by a experienced prifessional who will use comparable prices to estimate the value, but only a licensd appraiser can state the value on the day they sign the report. The value can change if the market changes due to a variety of conditions including supply, buyer pool population, and lending terms. (c)2013David Carr
0 votes Thank Flag Link Mon Feb 11, 2013
The way a homes value iis determined is by getting a full appraisal done on the property. This can be done by the home owner, or by a bank if their is a banking finance transaction taking place. An appraisal is the only way to get the true value of your home and the report is usually good for 90 days.
Thank you
Bennett Streets
Webster Bank
0 votes Thank Flag Link Sun Feb 10, 2013
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